Benzinga | Jul 8, 2021 09:37AM EDT

Tier 1 European Communications Group Picks Allot To Protect Consumer, Small Business From Cyberthreats

* A Tier 1 European communications group, with operating units in the EU and North America, inked an agreement with Allot Ltd (NASDAQ:ALLT) for cybersecurity services.

* Allot will enable their operating units to offer cybersecurity services to consumer and small and medium-sized business (SMB) customers based on its HomeSecure, BusinessSecure, and an endpoint security application.

* It will entail a recurring monthly fee from the actual number of subscribers using the cybersecurity solution.

* Price action: ALLT shares traded higher by 1.57% at $20.10 in the premarket on the last check Thursday.